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Search Results 0 to 30 of about 31 (some duplicates have been removed)
: tonight's top story, delays at airports coast to coast. according to the faa, flights into new york, baltimore, and washington are delayed because of not enough controllers on hand to monitor the busy corridors. joining me now, president of boy group international and erik hanson, director of domestic policy for the u.s. travel association. welcome to you both. i will start with you, mike. what do you make of this? the fda is saying many of these delays are two hours or more. is is the fault of sequestration or is something else, not? >> it is the fault of politics. sequestration is 600 million out of the faa budget. 4 percent. they still have a billion dollars in their budget, more than they did in 2008 and 8% fewer flights. no one in aviation is buying this. this is a political stunt, and that is all. gerri: do you agree? >> i don't know if it is a political side, but it is certainly politics at its worst. for the travel industry, a key driver of the economy, we cannot afford to sit here and have congress pointing the finger at the administration, the administration putting the fi
the sequester for flight delay. it is just another example of shoddy management by the faa. lori: gas prices are tank. why good news may still be on the way. melissa: fed watchers in full speculation mode as bernanke has he will skip jackson hole. a first for a federal chairman in 25 years. what does it mean? now, to the floor of the new york stock exchange. nicole petallides. nicole: we will get to some of the home builders in a second. right now you have a mixed market. the dow jones pulling back a bit. that 2.2%. last week was a rough week for the dow jones industrials. there is the tech heavy nasdaq. there is a look right now at how we have done so far. obviously, you can see that we have had a nice run this year. i wanted to also take a look at some of the homebuilders. we got in some existing home sales. pound .6% month over month. that is not good news there. the home prices that you saw word. back to you. lori: seasonally strong time of year for home sales. overall, the u.s. economy is running below its historical trend. this is a study done by the index. my next guest says the econo
the federal aviation administration saying that these should be put off. they say the law allows the faa and the administration to cut somewhere else in the 16 billion-dollar annual budget of the faa. they say the way the faa were cuts makes the delays even worse. >> under the applicable laws. the faa has the authority or the discretion to find the money elsewhere. not to lay off the workers. and, therefore, to protect the traveling and shipping public, the faa should not furlough the air traffic controllers. now congressional republicans charge the way the administration has structured this is simply for political reasons. the administration says that's absolutely not the case. they say the way is law isten o other choices than to furlough these air traffic controller if they have to reach the savings that the law requires, shep. >> >> shepard: we are expecting it to say four different flight delays faa is saying. airlines anywhere between 6700. about a quarter of the flight traffic in this country daily. in a statement the faa says they will be working with the airlines and using traff
the faa to halt the budget cuts. >> the faa has and should have exercised the discretion not to furlough air traffic controllers who never in the history have been furloughed before by any budget sequestration or any shutdown of the faa or anything like that. >> and even the white house admits this was never supposed to happen. at reagan national airport, i'm hampton pierson for "nightly business report." >> flying may be more difficult these days but there's good news for drivers. prices at the pump are down $.11 a gallon over the last two weeks and could fall by another.20 as we get closer to memorand e err memorial day. >>> leading sectors were energy and technology, ahead of the after the bell earnings. the dow ended the day 19 points higher and the s&p 500 added 7. the price of gold rebounded today, surging nearly $26 to $1,421 announced. but last week as the price of gold was falling, investors pulled $2.7 billion out of gold exchanged traded funds. most of the money was invested in international stock. >> turning to market focus. texas instruments reported the profits were higher
them to the ground. rich: we have contacted the faa repeatedly this morning. take a look at the numbers. 16 billion a year. total employees for the faa, 47,000. 50,000 of them are air traffic controllers. they are supposed to take one day off every other week. to you. connell: rich, thank you. let's go to the fourth opinion editor. he joins us from washington delta. the politics of this is interesting. we are just getting started this week. what is the political impact, in your view? >> i think political impact is very bad. it's a black guy for the obama administration, congress and the faa. this is going to come back and haunt washington in a major way. connell: you said it would be disastrous for the administration. why? >> well, i think ultimately the jury understands there are always ways to cut spending. it would make the obama administration appear as though it is making six. there has to be some other way to reduce expenditures that do not impact flight times and everything. do not think this looks good for congress or the obama administration. connell: most people believe that i
the stock is having such a tough time lately dropping below 400 just last week. >>> then the faa warning about long airport delays because of government budget cuts. but in addition to grounding your travel plans, the cuts could also prevent your portfolio from taking flight which we will look at coming up. >>> don't miss my exclusive interview coming up with johnson & johnson ceo alex gorsky. that stock hitting an all-time high today. how he plans to push it even higher. that and a lot more coming up on the "closing bell," most important hour of the trading day right now. we went out and asked people a simple question: how old is the oldest person you've known? we gave people a sticker and had them show us. we learned a lot of us have known someone who's lived well into their 90s. and that's a great thing. but even though we're living longer, one thing that hasn't changed: the official retirement age. ♪ the question is how do you make sure you have the money you need to enjoy all of these years. ♪ is apple >>> apple is looking a little more polished today. the beaten down stock one
. faa furloughs, they just kicked in. some delays now appearing late yesterday in and is around new york. this st for the first time with travelers waiting more than an hour. delays were seen at other airports in the u.s. the faa furloughs affect 47,000 employees, including nearly 13,000 air traffic controllers. experts say the first real test is today when traffic increases and you remember, you saw all these stories, even last week saying the sequester doesn't matter. >> because a lot of the stuff hasn't kicked in. now, if things don't matter this week, then you can say they really don't matter. >> so this is the test one way or the other. we're going to talk to mike boyd about all this and more. >> in economic news, a business economist says washington's budget tightening is having a minimal effect on business. 93% of those surveyed say political developments had no effect if the first quarter and 95% say they had no impact on capital spending plans. among the biggest concerns, global economic conditions and the potential for further government spending cuts and the regulatory environ
. that is because there are fewer air traffic controllers on the job. the faa called for two furlough days for every two-week period to cut more than $600 million from the budget. airlines filed a lawsuit on friday asking a federal court to stop the furlough of air traffic controllers. they say that these cuts in hours will result in travel delays of up to an hour. a travel industry analyst says what's happening is political gamesmanship. >> the faa was shut down a few years ago, flights weren't affected. it seems to me like there is a request or directive out there to take steps so that passengers will be inconvenienced and that they will call their elected officials to get them to take action. >> reporter: here's a live picture of mineta san jose international airport. i only found one 30-minute delay this morning and a couple of 10-minute delays in oakland and sfo is on time. even if sfo avoids furloughs, travelers here could still feel the pinch because of the domino effect from delays at connecting airports. at sfo, elissa harrington, kpix 5. >> airlines say up to 6700 flights per day could be
'll get the analyst behind that call ahead. >> also the sequester effect on travel. >> faa employee furloughs and our major airport delays and all in the future and former department of transportation inspector mary shafo live. another monday morning, david, in which you've propelled a major dow component, microsoft up over 4% on the news that an activist shareholder is buying a $2 billion stake. so i think by my calculations you've created on that report about $2.5 billion of value so far this monday morning. >> simon, it's the value being created by the news itself, not the fact that i've reported it and we've been able to tell people that value act, large activist fund that often does take large positions in companies and actually doesn't get active if things go their way have taken a $2 billion position. on a relative bases it's 1% or less than 1% overall is what it would amount to of the outstanding shares of microsoft. that being said, valueact does have a history of holding stakes for quite some period of time, monitoring those companies and their managements and then getting
to the airport to get back to new jersey. airport delays as faa furloughs begin to kick in. liz: rich edson at the airport. what are you hearing overall about the situation, rich? overall we got hundreds of delays yesterday. airline association says we could see up to a few thousand delays because of this when you look at this, go around the country, there are delays in charlotte, there are delays elsewhere. faa is saying there are delays basically close to coast. as far as specifics are concerned they could not provide us with any ties of numbers. that has a number about folks, especially republicans in congress say this is entirely structured by the faa to inflict what they say is maximum pain on airline travelers. this is comment about bill shoeser, the chairman of the transportation and infrastructure committee. he said disregard for the american public is indicative that the admin strution -- administration views the sequester as a attempt to score political points rather than address issues and than find real savings in a bloated federal brock bureaucracy. the way they arranged the la
the spokesman about that and he said it is early. he did say controllers will be furloughed each day at every f.a.a. air traffic control facility which started yesterday. there were delays at lax last night because of sequestration. the cuts were ordered out of congress. although we could not find any delays at sfo this morning, we did find opinions. >> i wish they would cerate rt than across-the-board cuts. >> all budget cuts are difficult and all managers face that but you get the budget in balance and lower the government expenses it is worth it. painful but worth it. >> air traffic controllers are not happy about there and they will lose a day of work every other week and they hope that passengers will complain enough to get this changed. officials say necessity -- they have no choice they have to cut $600 million by the end of september from the budget so they will pull people from the air traffic control towers. expect delays through the end of september an the country l is a website you can check to see how it is looking at different airports across the country and we provided a link to that
that city took a major step toward healing. >>> here at home faa furloughs of air traffic controllers began today but the real test is tomorrow. the first business day of the week. delays could run for hours at major hubs such as atlanta and new york. because of sequester cuts all air traffic controllers may take one day off every two weeks. that means most towers will lose one controller every day maybe more. here in the bay area today, sfo and manetta san jose experienced no delays. sources at sfo said four employees there were furloughed today. ktvu's deborah villalon was live as they rolled out furloughs there. >> reporter: this tower went dark over an hour ago. it's closed overnight. it will reopen at 6:00 a.m. for another busy day of small planes, business jets and commercial flights and fewer controllers to manage the mix. >>> a rise in airlines prepared for take off to los angeles. one of nine flights keeping this santa rosa terminal busy today under the watchful eye of the tower. down by at least one controller, maybe two. the one who answered said he was too busy to talk about it.
here all morning on a train traffic. >> the faa is really concerned about overloading air-traffic controllers with so few of them on the job because of the furloughs. >> major strike at a time as of today could impact travel in and around europe. the german airline started canceling flights on saturday announcing that only 32 of nearly 1700 flights will take off from german airports today with domestic and european flights particularly hard hit. thousands of airline staffers want a pay increase of more than 5%. loud sounds that has offered just 1.2%. >> a live look this morning from our roof camera. a beautiful sunrise. a beautiful morning in a hot afternoon expected later on today. another check on your [ male announcer ] fact: the 100% electric nissan leaf... is more fun than ever. sees better than ever. ♪ charges faster. and will charge. cool. and heat. from your phone. fact: leaf never needs gas. ever. good for the world. built in america. now, leaf's an easier choice than ever. ♪ shop at choosenissan.com. ♪ i'm just red carpets and big spectacles. but that's onl
on the faa . the worst delays on east coast, including new york's laguardia, one out of 5 tier oeveryfive flights before noon s delayed. congressional republicans say, bull. they charge obama administration is structuring cuts to make them as painful and obvious as possible. >> federal reserve chairman ben bernanke will not be at jac jacn hole sim this year. my next guest said that we're seeing a slowdown in the economy after a stock first quarter, joining us, wells fargo chief economist, john sylvia, you see a slowdown here? >> there is a slowdown that is what bothered market, stock market a little bit, we a single family housing stocks, retail sales disappointing. building into the commodity market, chinese economic growth is disappointing. people at the inning of year think this economy will take off, and earnings will be strong, then as year goes down they tamper down those expectations. >> you know there is one stock that stands a metaphor, caterpillar, we see them with disappointining results off 42 their earnings, because they are off in the mining sector, but they tell us about go
air traffic controllers must take one day off a week. the faa said planes will have to take off and land more frequently. that would translate to potential longer lines at the airport. joining me is the spokesperson for sfo. can you give me an idea of how many travelers will be out on every given day or? >> what i can tell you, it's about a 10% of reduction. if i'm an air traffic controller, one of my days out of ten is reduced as the furlough. >> reporter: do you have any idea if this will impact the lines? >> i think where we might see some effect is more from the faa perspective. i don't know if it will affect the lines at the airport. but in terms of flight delays, if there's another airport that has congestion issues or staffing issues, even if we're fined locally, we may experience delays to and from the location. it's very much a nationwide issue. >> reporter: it's a juggling act for you. i think one of the things we can expect, there is a procedure we use and that requires an extra controller. not an issue today but if we have bad weather conditions, we might not be able
. >>> and the dreamliner could be flying again within weeks. the faa has approved the aircraft maker's plan to fix its troubled batteries. >>> the top trending stories. plus the atf wants to know what caused a massive ferlt lieser plant explosion in texas. >>> and a funny car that provides anything but laughs in north carolina. details next. >>> more than four days after that huge explosion at a fertilizer plant in central texas, officials say everyone is accounted for. 14 people killed, 200 injured, and of the 14, 10 were first responders. gabe gutierrez reports from west, texas. >> reporter: new video of the damage in west, texas, after a fertilizer facility exploded in a blinding fireball. for the first time we see an apartment complex ripped open. chunks of concrete tossed hundreds of yards. a school heavily damaged and this nursing home shattered. investigators said they found the origin of the explosion but it won't say where or what triggered it and they still aren't sure what caused wednesday's initial fire. >> we know there was an initial fire and then an explosion. we do not have a time line
to the viewers out west. on the first day of faa furloughs, there were delays. but the airlines saying don't blame us. the biggest delays hit los angeles international first. last night the federal aviation administration reported a staffing problem causing some arriving flights to run an average of three hours and seven minutes late. >> we're going to crater the entire system. orter: the nation's airlines and biggest pilots union say it points to troubles ahead. their plan to furlough air traffic controllers, forcing them to tay home one day every other week will bring the system to a grinding halt. >> it will be like having hurricane sandy in the north and hurricane katrina in the south at the same time. >> reporter: so they're suing the faa to postpone the furloughs but the faa says it's the only way to slash $637 million from its budget, cuts required by congress. the busiest airports are expected to take the hardest hits. maximum delays at atlanta's hartsfield-jackson could reach 3 1/2 hours. chicago's o'hare, more than two. and at new york's laguardia, nearl
of the sequestration cuts ordered b congress. the f.a.a. says safety will not be compromised but there will be delays and today is the first big test as it is the first business day of the cuts. air traffic controllers hope that pressure from the public will stop the furloughs. this is going to be impactful and we agree there should be another way to accomplish this. airlines are not happy about this, either, and they say the passengers should tell the f.a.a. they don't like this and find other ways to cut. the f scheduled to last through the end of september. >> the ground staff of the german airlines have walked off the we job forcing germany's biggest carrier to cancel the majority of flights. some united passengers to germany may be booked on a different flight so check your ticket and the airline. >> oak police are searching for the down man involved in an attempted robbery in an upscale neighborhood on saturday night. the shooter tried to problem a man walking down the street but shot him and not taking anything. the victim was taken to the hospital and is stable condition. the shooter ran off.
. that is good news for anyone flying out at any point today. you talked about these sequestered cuts, the faa says a big lead the air traffic controllers. furlough days are being issued. we actually did see some delays because of those air traffic control furloughs. places like laguardia in new york and l.a. acts. lax at delays at somewhere between one hour and three hours. it did not really have a lot of affect here as at all but anytime you have delays around the country, it has an accordion of fact. that is what they're afraid of. they're thinking today maybe a day will restart the see some delays are around the country. you can see here in the board at sfo, everything was on time. we did not have a delays but that cannot easily change as a day goes on. we're telling people if you're coming to the airport and flying any time in the near future, make sure you call ahead and check the status of your flight. make sure your weather could be delays. a spokesperson is coming out and we are trying to get the interview with him. if we have any issues, we'll pass them along as they come in. >> with
travel day it's monday. 47,000 faa employees will get furloughed as a result of budget cuts. they will lose one day of work every other week. the pilot's union due to the faa will staffect so many people. >> out of those 15,000 were air traffic controllers. perhaps it's a better idea to perhaps maybe drive somewhere because gas prices are going down. >> this is the time of year when they are supposed to go up. let's enjoy it while it lasts. gas prices could fall almost $0.20 by memorial day. it would go down to $3.30 a gallon. inventories are high we have a lot of supply. and the economy is slowing down. consumption is the lowest since 1997. this morning gas prices averaging 3.52 a gallon. last year at this time 3.86. that's a nice little savings. >> some say could go below $3 a gallon? >> rocky mountain region could see 32 -- $2.98. >> road trip. >> finally. it is 11 minutes after the top of the hour. a runner survives the marathon bombing only to return home to texas to witness the fertilizer plant explosion and he's sharing his story. we will have that coming up. >>> they
because the faa is being forced to furlough thousands of air traffic controllers. abc's matt gutman has more from miami. good morning, matt. >> reporter: good morning, josh. the delays are already piling up. new york area airports reporting delays of over an hour. l.a.x. over three hours overnight. this is just the start. the faa now warning that as many as 6,700 flights could be delayed every day.the sequestrac across-the-board budgets cuts across-the-board budgets cuts are forcing furloughs. fewer planes in the air translates into delays. about 5,000 planes in the air at a given time and fewer eyes in the tower, the faa is slowing air traffic for safety. planes could both be prevented from landing and taking off. those inevitable delays could cost travelers more than just their time. >> airlines may have to cut flights. that will drive up ticket prices. demand will be high. >> reporter: the only antidote? said senator chuck schumer. >> we need democrats and republicans to meet in the middle and end the sequestration that causes the problems. >> reporter: analysts said there's not much
controllers at home. the biggest delays are predicted at l.a.x., o'hare, and laguardia. the faa slashed the budget by more than $600 million. mark rosenker, a former ntsb nannal list and cbs responsibility says the delays could hit for hours. >>> we're going to see delays for the carriers, the passengers, and frankly i believe for the economy. >>> the country's largest pilots union and the airline is trade association are suing to stop the fur lou. asian markets were mostly higher. tokyo's nikkei added about 2% to a nearly 5-year high. hong kong's hang seng added a fraction. essentially major countries including apple, ford, exxonmobil, will release their earnings this week. it comes as they finish their worst week since november. the dow lost 317 points while nasdaq lofrt nearly 89. there's good news at the pump with a gallon of gas dropping 11 cents. the lung berg survey now finds the total. tulsa has the cheapest at $3.21 a gaon while chicago is the most expensive in the continental u.s. at 3.97. >>> oblivion beat the competition at the box office this weekend. the sigh-fie thriller
investigations. >> and the f.a.a. furloughs go into effect today. we will see you tonight at 10:00. [ engine revs ] [ female announcer ] small... [ engine revs ] wicked... ♪ and now... ♪ topless. ♪ the fiat 500 abarth cabrio. ♪ they have no idea what it was like before u-verse high speed internet. yeah, you couldn't just stream movies to a device like that. one time, i had to wait half a day to watch a movie. you watched movies?! i was lucky if i could watch a show. show?! man, i was happy to see a sneezing panda clip! have you eaten today? you sound a little grumpy. [ laughter ] [ male announcer ] connect all your wi-fi-enabled devices
and pilot organizations are trying to stop the furloughs from happening by suing the faa but they are here and commercial flights really move flatly throughout the united states yesterday. but the real test will come together. that is because air traffic -- because of budget cuts all air traffic controllers must take one day off every two weeks. that means they will lose one traffic controller every day. santa rosa airport they were down at least one controller yesterday. folks there said they were concerned about safety and felt the government could have made cuts elsewhere. >> we are looking at a tiny percentage that needs if be reduced. it's ridiculous they can't do that. you and i can certainly if we want to take $5 off of our spending for lunch over a month, it's easy for us to do. >> reporter: yesterday sfo and ma theta san jose reported no problems. sources inside the air traffic control tower here said four workers were furloughed yesterday. we still have to find out how many are furloughed today. meanwhile 100 contract towers in small airports across the country are scheduled to s
air traffic controllers had delays up to three hours. the faa says with fewer eyeballs, there will be better managed traffic. that's coming up next. but i wondered what a customer thought? describe the first time you met. you brought the flex in... as soon as i met fiona and i was describing the problem we were having with our rear brakes, she immediately triaged the situation, knew exactly what was wrong with it, the car was diagnosed properly, it was fixed correctly i have confidence knowing that if i take to ford it's going to be done correctly with the right parts and the right people. get a free brake inspection and brake pads installed for just 49.95 after rebates when you use the ford service credit card. did you tell him to say all of that? no, he's right though... ♪ (train horn) vo: wherever our trains go, the economy comes to life. norfolk southern. one line, infinite possibilities. oh, hi thehey!ill. are you in town for another meeting? yup, i brought my a-team. business trips add up to family time. this is my family. this is joe. hi joe! hi there! earn a t
. soon they'll be facing long waits at the terminal as well. last week the f.a.a. -- that the federal aviation administration -- announced it's starting this week thousands of flights every day that will be delayed for up to three hours because of the devastating, ash administer cuts of -- ash terror cuts of sequester strags, the f.a.a. is forced to furlough thousands of workers. this could lead to 6,700 flight delays eay this summer. i repeat, every day 6,700 delayed flights. by comparison, the worst travel day of last year 2012 was about 3,000 flights being delayed. this was after severe thunderstorms accompanied by two-inch hailstorms, and a 90-mile-an-hour wind that wiped across the northeast and a tornado touched down in new york. that, mr. president, caused 3,000 flight delays. on any day if this sequester strags kicks in, it will double that. travelers were stranded at airports across the country during that real bad day we had last week. some were stranded for days. mr. president, it's going to be worse than that. as i said, this summer more than twice that number of flights w
them. also delayed travelers finding themselves waiting in airports as faa furloughs just kicked in. >>> and the investigation in boston, the wounded marathon bombing suspect, he's now responding to questions. it's monday, april 22nd, 2013 and "squawk box" -- it's early, it's monday morning, it begins right now.
for flight again in about a week. the faa approved friday a boeing plant to encase the 787 of lithium ion batteries in a steel box. install new battery chargers and add a duct to vent gases directly outside the aircraft that could cause overheating. we have a look at the golden gate bridge preconceived their ride on was found 80. moving well no problems out there in relatively clear as you look above the skies. are going to have air with another update on the forecast coming up at 545. today expect to be the hottest day of the week. full details street ahead. look at them kids. [ sigh ] they have no idea what it was like before u-verse high speed internet. yeah, you couldn't just stream movies to a device like that. one time, i had to wait half a day to watch a movie. you watched movies?! i was lucky if i could watch a show. show?! man, i was happy to see a sneezing panda clip! trevor, have you eaten today? you sound a little grumpy. [ laughter ] [ male announcer ] connect all your wi-fi-enabled devices with u-verse high speed internet. rethink possible. is more fun than ever. sees better
, and what we think is the right solution is the faa, the government agency, they need to learn with those bodies. they need to learn to understand exactly what's being done in the different industries to deal with different threats. and that's how we're going to develop our own best practice. >> host: gautham nagesh. >> greg, you mentioned that thebacking industry is largely ahead of the curve when it comes to these sorts of things, likely due to the nature of the business itself, and like you said, the criminals are often looking for money. how would you say the broader employees of your industry, how successful would your education efforts be, would you say, and have there been any keys that could be applied to other critical infrastructure sectors? >> guest: i think the, you know, by and large, employees within the financial institutions, um, are fairly well aware of what's going on, and, you know, given over the last year increasing news about attacks on the financial system, the awareness has only grown. as part of every bank's standard procedures, employees are tested. they're train
airports. those delays mainly because of the furloughs at the 13 largest airports. faa warning in some cases passengers could see delays up to 90 minutes or more. that is nationwide. this is all part of the sequestration cuts imposed by congress in order try and save more than $600 million. we'll have a look at your local weather and traffic right after this break. hey! did you know that honey nut cheerios has oats that can help lower cholesterol? and it tastes good? sure does! ♪ wow. [ buzz ] delicious, right? yeah. it's the honey, it makes it taste so... ♪ well, would you look at the time... what's the rush? bee happy. bee healthy. with clusters of flakes and o's. oh, ho ho... it's the honey sweetness. i...i mean, you...love. >>> current temperatures already showing numbers closing in on 80 around livermore, fairfield. some of the warmer places we'll see. slight offshore breeze. we should see the sea breeze kick in later this afternoon. but in the meantime upper 80s to low 90s for valley temperatures, 70s closer to san francisco. cooler temperatures start to arrive tomorrow. more
Search Results 0 to 30 of about 31 (some duplicates have been removed)